Grayscale is nearing the launch of its Dogecoin ETF under the ticker GDOG, with analysts projecting a potential debut around November 24, 2025. The fund would offer spot-style exposure to DOGE through a Securities Act of 1933 structure requiring direct SEC approval. This follows the September 2025 launch of DOJE by REX-Osprey, which uses a synthetic derivatives approach under the Investment Company Act of 1940.

Institutional investors are purchasing Bitcoin at a pace that offsets selling by long-term holders, according to ARK Invest. Bitcoin's liveliness metric hit 0.89, the highest level since 2018, indicating significant movement of coins held for years. ETFs and corporate treasuries controlled approximately 2.39 million BTC as of November 15, 2025.

Tether and Circle have issued over $14 billion in new stablecoins since October 10, with Circle recently minting an additional $750 million USDC. USDC dominance has climbed to approximately 2.33%, its highest level in nearly a year. The surge in stablecoin issuance comes as investors rotate into stable assets amid market uncertainty, with Bitcoin falling below $100,000 and altcoins extending losses that began in early October.

Solana has dropped 30% during Q4, making it one of the weakest performers among major cryptocurrencies. While retail investors and whales have capitulated, institutional holders have accumulated 24 million SOL tokens across 20 digital asset trusts and 2 ETFs, pushing their exposure to all-time highs.

The US Treasury Department submitted proposed regulations to the White House on November 14 regarding participation in the international Crypto-Asset Reporting Framework, according to government records. CARF enables tax authorities to access information about citizens' cryptocurrency holdings on foreign platforms through automatic data exchange between member nations. The framework facilitates international sharing of tax information related to digital assets.

Newly launched exchange-traded funds tracking Solana and XRP have drawn over $500 million in combined inflows within weeks of debut. Bitcoin and Ethereum ETFs shed more than $4.2 billion during the same period, data show. The divergence highlights shifting investor preferences amid broader market volatility.

XRP has dropped to $2.15, down 16.17% from its recent $2.60 high. Data show 30-35% of XRP supply is now held at a loss, marking the lowest profitability level since November 2024. The decline comes despite the launch of spot XRP ETFs on November 14.

Monad's public token offering through Coinbase generated approximately $43 million in its first 23 minutes on Monday. Six hours into the sale, commitments reached around $90 million, representing 48% of the 7.5 billion MON tokens available, with momentum declining significantly after the initial surge.